Corn Palace Stampede INC

Not tax-deductible

Mitchell, SD501(c)(4)Since 1994EIN 23-7227487

This organization provides 4 nights of rodeo entertainment for the community and surrounding area. Approximately 18,000 viewers attend annually.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $6K a year · 3% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$298K
-3% vs prior year
Spent
$332K
To programs
100%
Net assets
$158K
By yearFY2021–FY2025
Revenue
$298K
FY2025▼ -3%
Revenue by fiscal year
FY2021$29K
FY2022$381K
FY2023$269K
FY2024$113K
FY2025$309K
FY2025$298K
Expenses
$332K
FY2025▼ -3%
Expenses by fiscal year
FY2021$31K
FY2022$264K
FY2023$309K
FY2024$183K
FY2025$341K
FY2025$332K
Net assets
$158K
FY2025▼ -18%
Net assets by fiscal year
FY2021$219K
FY2022$336K
FY2023$295K
FY2024$225K
FY2025$192K
FY2025$158K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1991.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $332K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Corn Palace Stampede INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers four nights of rodeo entertainment for the community.

Provided by the organization

This section is blank until Corn Palace Stampede INC claims this page.

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1 program service account for $332K of program spending, described in the organization's own filed words · FY2025.
01

This organization provides 4 nights of rodeo entertainment for the community and surounding area. Approximately 16,000 viewers attend annually.

$332Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $100K · 2023–2023

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$298K
Ln 12
Gifts and grantsLn 1h$293K
Other incomeLn 4–11$5K
Investment incomeLn 3$46
Money outPt IX
$332K
Ln 25
Programscol B$332K
Owns and owesPt X
$158K
net assets · Ln 32
Cash and savingsLn 1–2$112K
Total assetsLn 16$160K
LiabilitiesLn 26$1K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$293K
Investment incomeLn 3$46
Other incomeLn 4–11$5K
Total revenueLn 12$298K
Assets in detailPt X, end of year
CashLn 1$112K
Cash and savings togetherLn 1–2$112K
Land, buildings, equipmentLn 10c$48K
Total assetsLn 16$160K
LiabilitiesLn 26$1K
Net assetsLn 32$158K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$132K$112K
Land, buildings, equipmentLn 10c$56K$48K
Total assetsLn 16$192K$160K
LiabilitiesLn 26$0$1K
Net assetsLn 32$192K$158K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$1K$1K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$41K$41K
Advertising and promotionLn 12$23K$23K
Office expensesLn 13$3K$3K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$6K$6K
TravelLn 17$11K$11K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$237K$237K
All other expensesLn 24e$0
Total functional expensesLn 25$332K$332K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 $309K$341K−$33K$192K 990 PDF
FY2024 $113K$183K−$70K$225K 990 PDF
FY2023 $269K$309K−$41K$295K 990 PDF
FY2022 $381K$264K$116K$336K 990 PDF
FY2021 $29K$31K−$2K$219K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $298,123 across 5 lines filed
VIII-1f All other contributions, gifts and grants$292,830
VIII-1h Total contributions, gifts and grants$292,830
VIII-3 Investment income$46
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)$5,247
VIII-12 Total revenue$298,123
Part IX · Statement of functional expenses $331,946 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $1,458$1,458
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $41,009$41,009
IX-12 Advertising and promotionPrograms $23,020$23,020
IX-13 Office expensesPrograms $2,616$2,616
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $6,185$6,185
IX-17 TravelPrograms $11,134$11,134
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $9,244$9,244
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $237,280$237,280
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $331,946 · Management $0 · Fundraising $0$331,946
Part X · Balance sheet $159,920 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $131,750$111,706
X-10c Land, buildings and equipment, netStart of year $56,497$48,214
X-16 Total assetsStart of year $192,302$159,920
X-25 Other liabilities$1,441
X-26 Total liabilitiesStart of year $0$1,441
X-32 Total net assets or fund balancesStart of year $192,302$158,479
X-33 Total liabilities and net assetsStart of year $192,302$159,920
Part XI · Reconciliation of net assets $158,479 net assets at year end
XI-1 Total revenue$298,123
XI-2 Total expenses$331,946
XI-3 Revenue less expenses−$33,823
XI-4 Net assets at start of year$192,302
XI-10 Net assets at end of year$158,479

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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